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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 18,648,171 $ 13,433,828
Accounts receivable, less allowance for doubtful accounts of $2,010,721 in 2018 and $2,145,599 in 2019 54,577,452 52,417,152
Prepaid expenses 3,516,766 3,134,756
Other current assets 2,915,654 1,960,032
Total current assets 79,658,043 70,945,768
Property and equipment, net 53,813,602 57,078,452
Operating lease right-of-use assets 39,768,910  
Finance lease right-of-use assets 346,667 675,194
FCC licenses 517,529,167 516,735,554
Goodwill 28,596,547 25,377,447
Other intangibles, net 29,333,230 2,823,178
Other assets 11,014,063 7,449,486
Total assets 760,060,229 681,085,079
Current liabilities:    
Current installments of long-term debt 7,500,000  
Accounts payable 10,323,408 9,611,151
Operating lease liabilities 7,234,492  
Finance lease liabilities 70,192 67,101
Other current liabilities 28,064,367 19,181,108
Total current liabilities 53,192,459 28,859,360
Due to related parties 565,617 662,329
Long-term debt, net of current installments and unamortized debt issuance costs 248,712,452 242,776,520
Operating lease liabilities 34,837,804  
Finance lease liabilities 75,020 499,753
Deferred tax liabilities 121,130,996 122,912,545
Other long-term liabilities 17,073,923 10,340,481
Total liabilities 475,588,271 406,050,988
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued
Additional paid-in capital 153,254,599 149,963,252
Treasury stock, Class A common stock; 4,426,027 shares in 2018; 4,493,181 shares in 2019 (30,662,332) (30,447,597)
Retained earnings 162,350,145 155,398,555
Accumulated other comprehensive income (436,338) 87,885
Total stockholders' equity 284,538,540 275,034,091
Noncontrolling interest (66,582)  
Total equity 284,471,958 275,034,091
Total liabilities and equity 760,060,229 681,085,079
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 15,804 15,334
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock $ 16,662 $ 16,662